We’ve prepped our mid-year update on the Portland-area housing market. June numbers are in and the Portland market’s numbers are showing, a solid seller’s market and increasing home values. The heat wave Portland is experiencing isn’t keeping potential buyers away. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Portland office, 503-379-0075.

We’ve prepped our mid-year update on the Houston-area housing market. June numbers are in and the Houston market’s sales are robust, breaking sales records across all property types. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Houston branch, 832-210-9089.

Median Sales Price

According to Houston Area Realtors (HAR), the median sales price for single-family homes in the Houston area for June 2018 was $245,000, versus $238,890 in June 2017, a 2.6% increase in median sales price. The condominium market segment saw a rebound over May when sales fell 7.2%. However, the median sales price of condominiums/townhomes dropped 4.1% to $463,000

Sales Trends

The Houston market is experiencing a slight seller’s advantage in both the single-family and condominium market segments. Inventory for June was 4.1 months of supply, the highest level since August 2017 when inventory reached 4.3 months. Nationally, the inventory picture is in-line with the Houston market, at 4.1 months. Days on market decreased from 50 to 48 days over June 2017. Home sales of all property types in the Houston market have broken records – sales volume increased 1.7% over the same time period in 2017.

Foreclosure Trends

U.S. foreclosure activity in June 2018 increased to .06%, and the state’s foreclosure activity for June is slightly lower, at .05%. The Houston foreclosure rates are lower than the state’s average at .05%. Harris County is bucking the lower foreclosure numbers at .08%.

Source: RealtyTracEdward Huletz, owner, and principal broker: “With record-breaking home sales across all market segments, Houston real estate is booming. June 2018 saw home sales surge past the 10,000 mark for the first time in Houston’s history. Total June sales came in at 10,115. With home values rising and brisk sales, now is a good time to list assets.”

We’re Ready

We specialize in the marketing and liquidation of REO assets, and we are ready for one or a list of yours. We have local experts on our team to move tasks through the process efficiently and on-time. Let’s talk today!

We’ve prepped our mid-year update on the Memphis-area housing market. June numbers are in and the Memphis market has continued to stay in the seller’s favor, consistent with what we’ve seen throughout the first six months of the year in this market. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Memphis branch, 901-209-0251.

This is our mid-year update on the Tacoma area housing market. As May numbers wrap up and June numbers begin to roll in, we’re seeing trends indicating a robust seller’s market. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Tacoma branch, 253-244-9696.

This is our mid-year update on the Louisville area housing market. As May numbers wrap up and June numbers begin to roll in, we’re seeing trends in inventory stabilization, rising home prices in the region and more. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Louisville branch, 502-834-2001.

This is our mid-year update on the Atlanta area housing market. As May market numbers continue coming in, we’re taking a fresh look at the Atlanta market. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Atlanta branch, 770-824-3929.

This is our mid-year update for the Miami area housing market. With May market numbers steadily coming in, we’re reviewing the Miami market and taking a fresh look. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Miami branch, 305-434-4777

This is our mid-year update in with the on-fire Seattle area housing market. What’s changed – and what hasn’t – in the intervening months? With May market numbers steadily coming in, we’re reviewing the Seattle market for you and taking a fresh look. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our Seattle branch, 206-866-5844.

May market numbers are coming in, and we’re taking a look at them for your Spokane Market Report. Spokane is our newest market to join the Blue Dot family of offices, and we’re thrilled to be a part of this thriving community. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at our new Spokane branch, 509-204-2133.

Since we are a nationwide real estate company, we like to keep our eyes on the nation’s real estate markets. The year in real estate is trending toward upward pricing pressure and tight market conditions, but there are signs of cooling. Here’s our regional overview of the market as of the end of May, 2018.

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